Denmark | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.40 0.3 0.4 0.4 0.5 0.8 percent [+]
Unemployment Rate 4.30 4.2 4.1 4.1 4.1 4.7 percent [+]
Inflation Rate 0.90 0.7 0.8 1 1.1 2.1 percent [+]
Interest Rate -0.65 -0.45 -0.25 -0.15 0 1 percent [+]
Balance of Trade 3788.10 8745 2854 4745 1225 1566 DKK Million [+]
Government Debt to GDP 40.20 42.94 41.28 39.61 37.95 38.13 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 7.04 7.3 7.37 7.45 7.52 8.59 [+]
Stock Market 912.06 863 855 846 837 705 points [+]
Government Bond 10Y 0.30 0.35 0.35 0.35 0.4 0.41 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.40 0.3 0.4 0.4 0.5 0.8 percent [+]
GDP Annual Growth Rate 1.20 1.1 1.2 1.5 1.5 2 percent [+]
GDP 295.09 299 300 297 303 322 USD Billion [+]
GDP Constant Prices 485323.00 488613 490219 491785 493351 512017 DKK Million [+]
Gross National Product 501290.00 479322 481173 482957 484835 508238 DKK Million [+]
Gross Fixed Capital Formation 96528.00 95394 95245 95149 95097 95961 DKK Million [+]
GDP per capita 58098.29 58390 58458 58526 58595 59647 USD [+]
GDP per capita PPP 43333.48 43630 43721 43812 43902 45352 USD [+]
GDP From Agriculture 6967.00 6002 6527 6076 6055 5768 DKK Million [+]
GDP From Construction 21605.00 20758 21929 21660 22011 21875 DKK Million [+]
GDP From Manufacturing 61106.00 59713 62406 60271 62098 62222 DKK Million [+]
GDP From Mining 6535.00 5956 6565 6316 6221 6192 DKK Million [+]
GDP From Public Administration 94858.00 95047 95375 95103 94912 94590 DKK Million [+]
GDP From Transport 83859.00 77446 85054 83007 83579 86975 DKK Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 4.30 4.2 4.1 4.1 4.1 4.7 percent [+]
Employed Persons 2761.00 2755 2768 2761 2763 2765 Thousand [+]
Unemployed Persons 92.00 92.23 92.48 92.7 92.88 93.76 Thousand [+]
Long Term Unemployment Rate 1.20 1.28 1.23 1.22 1.2 1.16 percent [+]
Youth Unemployment Rate 12.80 12.65 12.67 12.73 12.74 12.76 percent [+]
Labour Costs 106.42 112 113 113 113 114 Index Points [+]
Productivity 123.33 118 118 118 118 118 Index Points [+]
Wages 38957.98 38461 38556 38650 38745 38019 DKK/Month [+]
Wages in Manufacturing 134.00 135 133 134 135 143 Index Points [+]
Population 5.71 5.7 5.72 5.73 5.74 5.87 Million [+]
Retirement Age Women 65.00 65 65 65 65 65 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Employment Change 0.40 0.43 0.41 0.42 0.42 0.42 percent [+]
Employment Rate 65.60 65.93 65.93 65.94 65.94 65.94 percent [+]
Full Time Employment 2036.30 2026 2019 2033 2040 2033 Thousand [+]
Part Time Employment 723.70 726 740 736 731 736 Thousand [+]
Job Vacancies 31675.00 31378 31495 31449 31467 31462 [+]
Labor Force Participation Rate 69.80 69.77 69.71 69.7 69.7 69.7 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 0.90 0.7 0.8 1 1.1 2.1 percent [+]
Harmonised Consumer Prices 100.00 100 100 100 101 102 Index Points [+]
Consumer Price Index CPI 100.30 100 101 101 101 103 Index Points [+]
Core Consumer Prices 100.30 100 100 100 100 100 Index Points [+]
Core Inflation Rate 0.50 0.49 0.5 0.5 0.5 0.5 percent [+]
GDP Deflator 106.67 107 107 108 108 111 Index Points [+]
Producer Prices 109.20 112 114 116 118 129 Index Points [+]
Export Prices 120.20 120 120 120 120 120 Index Points [+]
Import Prices 115.60 115 115 115 115 115 Index Points [+]
Food Inflation 2.00 2.14 2.27 2.37 2.41 2.45 percent [+]
Cpi Transportation 100.00 100 100 99.82 99.84 99.86 Index Points [+]
Producer Prices Change 1.30 1.5 1.6 1.8 1.9 2.5 percent [+]
Inflation Rate Mom 0.00 0.09 0.04 0.05 0.05 0.05 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate -0.65 -0.45 -0.25 -0.15 0 1 percent [+]
Interbank Rate -0.25 -0.23 -0.23 -0.23 -0.23 -0.23 percent [+]
Money Supply M0 61706.50 60824 60620 60421 60229 58337 DKK Million [+]
Money Supply M1 1119544.00 1144291 1166643 1189427 1212651 1529040 DKK Million [+]
Money Supply M2 1217729.00 1242789 1259707 1276046 1292014 1485770 DKK Million [+]
Money Supply M3 687017.00 1449549 1446909 1445426 1444882 1470951 DKK Million [+]
Banks Balance Sheet 3902830.50 3924004 3916566 3905260 3891553 3690045 DKK Million [+]
Foreign Exchange Reserves 457800.00 460620 461069 461106 461114 461115 DKK Million [+]
Loans to Private Sector 343.19 349 350 350 350 350 DKK Billion [+]
Deposit Interest Rate 2.40 2.52 2.46 2.4 2.33 2.35 percent [+]
Central Bank Balance Sheet 496.71 496 496 496 496 496 DKK Billion [+]
Private Debt to GDP 257.12 252 251 249 248 240 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 3788.10 8745 2854 4745 1225 1566 DKK Million [+]
Exports 52138.00 53443 53339 53702 53661 53680 DKK Million [+]
Imports 48349.90 49602 49349 49594 49553 49560 DKK Million [+]
Current Account 17951.00 5140 4101 15109 4611 877 DKK Million [+]
Current Account to GDP 7.10 6.7 6.7 7.18 7.06 7.27 percent [+]
External Debt 11899.00 11196 11112 11082 11070 11064 DKK Million [+]
Terms of Trade 104.00 104 104 104 104 104 Index Points [+]
Capital Flows 43.00 -189 -192 -193 -193 -193 DKK Million [+]
Gold Reserves 66.55 66.55 66.55 66.55 66.55 66.55 Tonnes [+]
Crude Oil Production 149.00 142 142 142 142 142 BBL/D/1K [+]
Foreign Direct Investment 683.90 654 641 627 614 551 DKK Billion [+]
Terrorism Index 2.15 0.27 0.28 0.29 0.3 0.13 [+]
Weapons Sales 15.00 30.51 29.89 29.27 31.22 34.56 USD Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 40.20 42.94 41.28 39.61 37.95 38.13 percent [+]
Government Budget -2.10 -2.8 -2.8 -2.18 -2.1 -0.3 percent of GDP [+]
Government Budget Value -1781.00 -9292 -2525 -6293 -2538 -4083 DKK Million [+]
Government Spending 128891.00 129614 130086 130534 130949 136069 DKK Million [+]
Government Spending to GDP 55.70 55.78 55.45 55.11 54.77 56.23 percent [+]
Government Revenues 273782.00 264774 274590 267206 275811 273594 DKK Million [+]
Government Debt 646.63 731 731 731 731 731 DKK Billion [+]
Fiscal Expenditure 275563.00 275312 276096 274350 277226 276003 DKK Million [+]
Asylum Applications 255.00 814 1042 961 899 919 persons [+]
Military Expenditure 4130.10 4097 4083 4068 4113 4076 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence -4.00 -2 -3 -1.26 -5 -6 [+]
Industrial Production 10.00 -2.5 -2.5 8.78 -0.2 1 percent [+]
Industrial Production Mom 0.80 -0.8 -0.8 0.24 3.2 3.3 percent [+]
Manufacturing Production 11.20 3.15 3.77 4.16 4.28 4.16 percent [+]
Capacity Utilization 79.30 78.97 79.15 79.2 79.54 81.13 percent [+]
New Orders 20.00 -2.2 -3.56 -0.58 -1.89 -2 [+]
Changes in Inventories 565.00 904 1197 1351 1482 2036 DKK Million [+]
Bankruptcies 511.00 474 542 545 539 542 Companies [+]
Car Registrations 19491.00 19126 18513 18676 18725 18692 Cars [+]
Competitiveness Index 5.35 5.33 5.33 5.33 5.33 5.35 Points [+]
Competitiveness Rank 12.00 12.66 12.66 12.66 12.66 10.97 [+]
Corporate Profits 222196.00 217684 220073 222463 224852 246778 DKK Million [+]
Ease of Doing Business 3.00 2.99 3.11 3.24 3.36 3.67 [+]
Electricity Production 3313.00 3358 2694 2391 2773 2761 Gigawatt-hour [+]
Corruption Index 91.00 94.03 94.33 94.64 94.95 98.6 Points [+]
Corruption Rank 1.00 1.81 1.98 2.16 2.33 4.75 [+]
Mining Production 11.80 -1.57 -3.75 -3.67 -3.62 -3.63 percent [+]
Manufacturing Pmi 59.90 59.77 58.4 57.71 57.22 55.74 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 4.80 4.4 6.4 2.8 7.6 4.4 [+]
Retail Sales MoM 0.20 0.06 0.01 0.01 0.01 0.01 percent [+]
Retail Sales YoY -1.30 -1.4 2 1.9 0.2 0.6 percent [+]
Consumer Spending 221380.00 223757 224516 225272 226026 235083 DKK Million [+]
Disposable Personal Income 1031205.11 1004372 1012021 1019669 1027317 1183062 DKK Million [+]
Personal Savings 11.16 17.81 12.84 5.42 6.02 8.97 percent [+]
Consumer Credit 19023.00 19111 19249 19360 19482 19836 DKK Million [+]
Gasoline Prices 1.69 1.66 1.67 1.66 1.66 1.66 USD/Liter [+]
Households Debt To Gdp 123.60 122 122 122 122 122 percent of GDP [+]
Households Debt To Income 242.79 258 253 247 242 216 percent [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Construction Output 4.60 5.24 4.67 5.27 5.27 5.27 percent [+]
Housing Index 116.97 112 111 108 105 100 Index points [+]
Housing Starts 1913.00 1844 1599 1683 1941 1851 [+]
Home Ownership Rate 62.70 62.84 62.69 62.53 62.37 61.38 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 22.00 22 22 22 22 22 percent [+]
Personal Income Tax Rate 55.80 55.8 55.8 55.8 55.8 55.8 percent [+]
Sales Tax Rate 25.00 25 25 25 25 25 percent [+]
Social Security Rate 8.00 8 8 8 8 8 percent [+]
Social Security Rate For Companies 0.00 0 0 0 0 0 percent [+]
Social Security Rate For Employees 8.00 8 8 8 8 8 percent [+]





Economic Forecasts for Denmark including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Denmark economy. 2/25/2017